As attached

Corporate Actions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹627.85

prior close

₹626.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-3.3% vs market

Telecommunication peers, median of 28sector · sector level+0.4%-2.7% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.7 pts less than its Telecommunication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.1

15m

-1.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3+1.0-3.3+0.4-2.7

Next day

-6.5+0.3-6.8-0.2-6.3

-2.3+0.3-2.7+0.5-2.8

+0.3+0.8-0.4+1.4-1.1

-0.8+0.9-1.7+0.9-1.7

-3.9+1.4-5.3+1.1-5.0

-5.1+1.2-6.3+1.4-6.5

15d

+6.2+1.8+4.3+3.7+2.5

+17.6+0.1+17.5+3.3+14.3

+26.7+2.4+24.3+3.3+23.4

+10.7-2.8+13.5-8.6+19.3

UpDownMarket · Nifty Microcap 250Sector · Telecommunication peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Valiant Communications' Board has approved a bonus share issue in the ratio of 1:2, meaning 1 new equity share for every 2 existing shares held. The company will issue 38,14,030 bonus shares of face value ₹10 each, taking the total share count from 76,28,060 to 1,14,42,090. To fund this, approximately ₹3.81 crore will be capitalized from the company's Capital Redemption Reserve, Securities Premium and Retained Earnings (total available balance around ₹50.82 crore as of March 31, 2025). The bonus is subject to shareholder approval at the AGM on September 30, 2025, and shares are expected to be credited by November 2, 2025. The record date for eligibility will be announced separately.

Likely market impact

Eligible shareholders will receive 1 additional share for every 2 they own, increasing their share count by 50% though the overall value of their holding should remain largely unchanged (ignoring any market reaction). The stock may see short-term price adjustment on the ex-bonus date, and bonus shares typically signal management's confidence in the company's financial position.